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Latin American Stocks Mostly Lower as Energy, Mining Stocks Retreat

The Latin American markets are mostly lower today as energy
stocks, and to a lesser degree, shares of mining companies, are
falling. Financial stocks also are trending lower.

Here's where the regional markets stand today:

- Ibovespa down 234.6 (-0.4%) to 58,987.

- IPC (Mexico City) down 104.8 (-0.25%) to 41,094.5.

- Santiago Index IPSA up 9.04 (+0.21%) to 4,254.43.

- Merval Buenos Aires down 14.63 (-0.6%) to 2,450.11.

In ADR news, Petrobras Argentina SA (
PZE
) is down 4.7%, posting one of the largest declines among Latin
American stocks listed in the U.S. markets and the state-owned
petroleum company completing a 2-for-1 stock split prior to today's
market open. Separately today, PZE shares were upgraded to Hold
from Sell at TheStreet Raings, citing rising net income and largely
solid financial position.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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